Searches And Hires
The retirement fund also reupped with its incumbent general investment consultant at today’s board meeting.
The plan is seeking one or more mandates to fill a 2.5% carveout to non-core real estate.
The district is seeking a full-time non-discretionary investment advisor.
The state conducted a search in July for its various pension plans and endowments.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The retirement system will allocate $450 million with the new international equity manager.
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The new asset allocation will “bring down projected volatility” for the city’s three pension plans.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.